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Nov 10, 2012
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that fiscal cliff is a combination of some automatic spending cuts and tax increases and economists say the country will be plunged into another recession if lawmakers don't do something by january 1st. mr. balm and speaker boehner are scheduled to meet at the white house next week. >>> because of that impending financial doom and gloom virginia's governor bob mcdonnell ordered state agencies to look into cutting their budgets by 4% and as reporter peggy fox explains, the same thing that saved northern virginia during the recession could now be its downfall. >> reporter: schools in northern virginia could take a hit if virginia cuts budgets to offset the fiscal cliff. governor mcdonnell's office directed agencies to identify potential cuts of 4%. 14% of the fairfax county school budget comes from the state. drainsville supervisor john foust says any cut co-that would hurt. >> we're going to be -- to that would hurt. >> we're going to be concerned about any cut in funding given how tight our budget is. >> reporter: like the state fairfax county asked its departments to also prepare for t
that fiscal cliff is a combination of some automatic spending cuts and tax increases and economists say the country will be plunged into another recession if lawmakers don't do something by january 1st. mr. balm and speaker boehner are scheduled to meet at the white house next week. >>> because of that impending financial doom and gloom virginia's governor bob mcdonnell ordered state agencies to look into cutting their budgets by 4% and as reporter peggy fox explains, the same thing...
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Dec 9, 2012
12/12
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it does seem as though immigration will be the issue of next year once the fiscal cliff negotiations are over. we have heard from a number of republicans who think immigration reform may be easier to achieve a. in 2006, we had some very heated debate on that topic. at this point after an election where republicans lost the latino voters by a very large number, they are saying they would like to see immigration reform passed in some way. they will push it differently. >> i think governor peter shumlin is back. we were talking about immigration and global warming. did you want to finish your thoughts? >> what is right for vermont or massachusetts may not be bright for virginia or some of the other oil-producing producing states. i believe strongly that climate change is the single biggest challenge we face and we cannot move fast enough to do energy efficiency better. from the governor's perspective, it is a job creator. as we move to renewable and energy efficiency, which we have to do for climate change and because america cannot afford to continue to import oil that is $4, five buck
it does seem as though immigration will be the issue of next year once the fiscal cliff negotiations are over. we have heard from a number of republicans who think immigration reform may be easier to achieve a. in 2006, we had some very heated debate on that topic. at this point after an election where republicans lost the latino voters by a very large number, they are saying they would like to see immigration reform passed in some way. they will push it differently. >> i think governor...
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the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get together? >> everyboby hopes they are high but you want to avoid the high stakes game of chicken and during the lame duck session. that could have been. but his willingness to meet with mitt romney and boehner to resolve the situation. but if you heard voters press conference he sounds like he is the same position under no circumstances will taxes ever be raised. gerri: he said the reelection of the president is not a mandate to raise taxes. this is a huge debate. can they come together? >> i believe we can seize the future together. we're not as divided as our po
the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get...
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Dec 10, 2012
12/12
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. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is needed. christine the guard says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats s
. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is...
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Dec 6, 2012
12/12
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that's why there's extreme worry about the fiscal cliff. i'm peggy fox. coming up what county leaders are doing to try to stop it. >> reporter: i'm kristin fisher in a maintenance yard for the national park service where a group of 5th graders are learning everything that goes into planning for a presidential inauguration. do they have what it takes? find out coming up. >> and you know, redskins fans are not the only ones in love with rg3. his opponents are in awe, as they should be. we'll hear what ravens head coach john harbaugh is afraid of. wo up with ts horrle sh on right sid iense burni sensaon sd, you hadhickenxe, en yosa, yes, i d.irl. d't think ybody er thinks th're goi get shings. but itappeneto me. r re of the side sry, visit shinesinfoom >>> this sunday will mark the first time in four years the redskins and ravens face off in the regular season. this time there's a whole lot on the line. baltimore is just one win from clinching a playoffs spot while rg3 has the redskins back in the hunt for the postseason. recently i sat down with ravens head
that's why there's extreme worry about the fiscal cliff. i'm peggy fox. coming up what county leaders are doing to try to stop it. >> reporter: i'm kristin fisher in a maintenance yard for the national park service where a group of 5th graders are learning everything that goes into planning for a presidential inauguration. do they have what it takes? find out coming up. >> and you know, redskins fans are not the only ones in love with rg3. his opponents are in awe, as they should...
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Nov 19, 2012
11/12
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we call this fiscal cliff investing. bertha coombs joins us with the potential winners and losers in how investors can play all this with a fiscal cliff portfolio. >> and they've been doing it already. if the president and congress fail to reach a deal on the fiscal cliff the expectation is that stocks will be the big loser. defense stocks in particular with a prospect of massive budget cuts starting january 1st. now, they've been hard hit since the election, turning around a bit today. cnbc looked at a portfolio of etfs that correlate with the moves in the market on the fear of hitting fiscal cliffs in particular sectors, including etfs that short stocks, negative bets on the market, like the ultrashort s&p eft. down all year, its been a gainer since the election. consumer shorts, technologies, financials have been gainers since the election, until today. with more conciliatory talk coming from the white house and congressional leaders over the weekend, investors are showing more optimism maybe we will avoid the cliff.
we call this fiscal cliff investing. bertha coombs joins us with the potential winners and losers in how investors can play all this with a fiscal cliff portfolio. >> and they've been doing it already. if the president and congress fail to reach a deal on the fiscal cliff the expectation is that stocks will be the big loser. defense stocks in particular with a prospect of massive budget cuts starting january 1st. now, they've been hard hit since the election, turning around a bit today....
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Dec 7, 2012
12/12
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KPIX
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cliff sometime soon. here's danielle nottingham with where both sides stand on this friday. >> 2, 1. >> reporter: before the first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. >> reporter: with the clock ticking toward the fiscal cliff deadline, government workers have joined the push but they want to make sure they're not cut out of the deal. >> federal employees that i represent have offered up $103 billion to the federal deficit. >> reporter: jd cox of the american federatio
cliff sometime soon. here's danielle nottingham with where both sides stand on this friday. >> 2, 1. >> reporter: before the first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power...
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Nov 6, 2012
11/12
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CNBC
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can they get it together and fix the fiscal cliff? plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the fourth time in five day none of the major averages have had winning streaks as long as three days in about three weeks. by the way, the s & p 500 rallied 67% since president obama took office. take a look at the nasdaq, also higher, on the last election day, november 4, 2008 you can the nasdaq gaped 3.1%. the dow, 3.3% and the s & p, 4.1%. get down to bob pisani you the floor of the new york stock exchange. bob what are the markets telling us about what is happening with the election? >> i see a classic risk-on trade that doesn't necessarily favor either can
can they get it together and fix the fiscal cliff? plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the...
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Dec 24, 2012
12/12
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but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low 40s. a very active weather week coming up. i'll have your seven-day forecast in about five minutes. right now over to liz with a look at timesaver traffic. >>> good morning. the commute very much the same as the weather apparently. 270 montrose all quiet, cleared out. might see shopping traffic as the day goes on with the last- minute shoppers. otherwise so far so good. on the virginia ride, 395 at duke street, everything moves right along there. no problems on 95 coming in towards the mixing bowl either. that's a look at your timesaver traffic. now back to andrea. >
but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low...
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Oct 13, 2012
10/12
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FOXNEWS
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one thing we know from the president is the fiscal cliff issue didn't come up. in the weekly address. the bail-out did. romney again referred to this, strongly more today than in the past. it's come up in the prior debate. so this is going to become an issue. i wish it were more of an issue. the cofounder of micro systems and libertarian at heart who in his heart doesn't like what he is seeing in washington right now. scott, i have always thought the reason why corporate america hasn't opened the wallet to commit to spending more money, of all the sun certainty, is the uncertainty a given and remaining in the wallets will remain closed? >> guest: i think so. this is a really stark election for most business folks in terms of are we going to open up the private sector, reduce regulations, open taxes, simplify the tax code. make it easier to start or grow a business or make it easier for consumers to have money in their pockets to go spend or is the government going to become the dominant player? as we sweep toward 50% of the gdp and public sector, you know, busin
one thing we know from the president is the fiscal cliff issue didn't come up. in the weekly address. the bail-out did. romney again referred to this, strongly more today than in the past. it's come up in the prior debate. so this is going to become an issue. i wish it were more of an issue. the cofounder of micro systems and libertarian at heart who in his heart doesn't like what he is seeing in washington right now. scott, i have always thought the reason why corporate america hasn't opened...
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Dec 30, 2012
12/12
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. >> in washington, there is still hope that a deal could be done to avoid the fiscal cliff. all eyes were on the senate today where negotiators were trading revenue figures to try to reach an agreement all sides can agree with. the baseline for the president and the bipartisan deal would have to extend unemployment benefits that would affect 2 million americans and it would have to increase taxes on the highest income earners. the negotiators will still have to work out where exactly the tax increases would hit and whether they would stop the increase of the estate tax. the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor that would increase taxes for households that earn a quarter million dollars or more, and respect -- expect republicans would block that proposal. but rather than take it back as a stopgap measure, think of it as a political move to try to shift the responsibility of failure on to republi watches the hour of reckoning. >> as the deadline approaches, our coverage of the fiscal cliff negotiations continue
. >> in washington, there is still hope that a deal could be done to avoid the fiscal cliff. all eyes were on the senate today where negotiators were trading revenue figures to try to reach an agreement all sides can agree with. the baseline for the president and the bipartisan deal would have to extend unemployment benefits that would affect 2 million americans and it would have to increase taxes on the highest income earners. the negotiators will still have to work out where exactly the...
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Dec 6, 2012
12/12
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-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child and then himself, he said bob costas was wrong when he argued that cassandra perkins would still be alive if belcher doesn't have a gun. what next? control on cars? they are used in more homicide than guns. we need to amp up our education on certain freedoms and liberties and put larger penalties on those who abuse them, but nick, that is the point. we don't ban cars because they're potentially dangerous, but there are significant controls on their use and ownership. they're registered, licensed and you have to have train
-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child...
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Dec 28, 2012
12/12
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. >> lawmakers have just been a more days to figure out how to avoid the fiscal cliff. present obama just spoke about this. rebecca cooper is in our newsroom with what we are hearing about the meeting. >> the president quoted yogi bear saying it is deja vu all over again with congress' continuing its bickering. now he is saying they should at least a vote on extending tax cuts for middle-class americans and extending unemployment benefits before january 1, because. >> the hour for immediate action is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will considerably smaller. that would be the wrong thing to do. >> after meeting with the president and treasury secretary, congressional leaders headed back to the capital without a deal. nancy pelosi insists some progress was made. disgorge by reports the would not be a deal todaythe dow closed down. the president did not make any new offers. congress should least extend tax cuts for everyone making $250,000 or less, and exten
. >> lawmakers have just been a more days to figure out how to avoid the fiscal cliff. present obama just spoke about this. rebecca cooper is in our newsroom with what we are hearing about the meeting. >> the president quoted yogi bear saying it is deja vu all over again with congress' continuing its bickering. now he is saying they should at least a vote on extending tax cuts for middle-class americans and extending unemployment benefits before january 1, because. >> the hour...
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Dec 31, 2012
12/12
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you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come d
you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today...
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Dec 18, 2012
12/12
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WUSA
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you can learn more about the fiscal cliff which could hit in two weeks from today. just go to other website wusa9.com. click on the fiscal cliff tab right at the top of the home page. >>> the first japanese american ever to serve in congress has died. senator danielle inouye -- daniel inouye from hawaii passed away after battling some respiratory problems. he was 88. he was first elected in 1959, the same year hawaii became a state and he's been serving ever since. inouye was the second longest serving member of congress. he was also a war hero. born in 1924, inouye was 17 when japanese planes flew over his home to bomb pearl harbor and he signed up. he lost an arm to a german grenade while he was fighting in italy. his colleagues are still amazed by his legacy. >> it can be seen in every mile of every road in hawaii, in every nature preserve, in every facility that makes hawaii a safer place. >> senator inouye died at walter reed national military medical center. this was yesterday. he was 88. >>> still to come when the news continue this morning, theater bus. the
you can learn more about the fiscal cliff which could hit in two weeks from today. just go to other website wusa9.com. click on the fiscal cliff tab right at the top of the home page. >>> the first japanese american ever to serve in congress has died. senator danielle inouye -- daniel inouye from hawaii passed away after battling some respiratory problems. he was 88. he was first elected in 1959, the same year hawaii became a state and he's been serving ever since. inouye was the...
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Dec 28, 2012
12/12
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many people believe that taxes are going to go up once the fiscal cliff is solved and how will the average american be affected by this? joining us now is gordon burnhart, a certified public accountant with burnhart wealth management. thank you for joining us. >> thank you, tom, how are you. >> so much of the uncertainty we heard from president leaves you to wonder what is the assessing in planning when you don't know about that in. >> and that is why that is important to plan. we have seen so much happen and people need to make sure they set aside the cash reserves and there is a lot of planning opportunities and investors need to work with an advisor to make sure that all of those unforseen things are addressed so they can help, again, protect families. >> and there is only three days left, two days weekend days. are there things folks can do as we head toward the deadline to protect themes in yo there are a few things. obviously, you can't do going since the stock markets are closed on saturday and sunday. on monday, investors should look at their portfolio. capital gains rates, for exa
many people believe that taxes are going to go up once the fiscal cliff is solved and how will the average american be affected by this? joining us now is gordon burnhart, a certified public accountant with burnhart wealth management. thank you for joining us. >> thank you, tom, how are you. >> so much of the uncertainty we heard from president leaves you to wonder what is the assessing in planning when you don't know about that in. >> and that is why that is important to...
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Dec 9, 2012
12/12
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CNNW
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i have been warning you about this fiscal cliff for months now. i call it the economic storm of our own making, but some of you think all the talk is overblown. will a failure by washington really mean catastrophe for the economy? i'm going to debate with richard quest, next. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>> time now for q and a. three weeks left to do a deal and yet, lawmakers in washington -- promising to cut trillions, but republicans insist it could be done without raising taxes on the rich. president obama insists at a nonstarter. what happens if there's no deal? are we as some argue, maybing too much of the fiscal cliff deadline? would it really be a catastrophe to hit it, go over it, maybe for a little while. joining me now from london, richard quest, the host of quest means business on cnn international. i got 60 seconds. i'll go first. could be catastrophic if congress doesn't get a de
i have been warning you about this fiscal cliff for months now. i call it the economic storm of our own making, but some of you think all the talk is overblown. will a failure by washington really mean catastrophe for the economy? i'm going to debate with richard quest, next. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>> time now for q and a....
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Nov 22, 2012
11/12
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FBC
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fixing the fiscal cliff fiasco. here we have it under control. if no one else is going to step up with a solution, we will get it started with our own answers about where to start with spending cuts. joining me to go through the ideas is our chief economist. brian, thank you for coming back on the show. >> thank you for having made. melissa: i am so sick of people coming on and saying what the other guy is going to give and not have a solution and i said, you know what, let's roll up our sleeves and get to work and come up with some solutions. we are talking about raising taxes and we haven't really drill down on the possible spending cuts out there. for example, senator coburn showing $67.9 million. it can be saved over the next 10 years by cutting nondefense spending. among those things. it was a huge report, more than 400 pages filled with all kinds of stuff. some examples were a smart phone half that alerts users when to take their coffee break. i feel like we are things we could be cutting. what do you think? >> the federal government is spe
fixing the fiscal cliff fiasco. here we have it under control. if no one else is going to step up with a solution, we will get it started with our own answers about where to start with spending cuts. joining me to go through the ideas is our chief economist. brian, thank you for coming back on the show. >> thank you for having made. melissa: i am so sick of people coming on and saying what the other guy is going to give and not have a solution and i said, you know what, let's roll up our...
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Dec 30, 2012
12/12
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CSPAN2
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fiscal cliff that occurs at midnight on december 31, tomorrow. this cliff is self-imposed. it is a penalty that we voted for if we failed to deal with the deficit that our nation faces. and unfortunately, as of this moment we've not reached an agreement to avoid it. i haven't given up hope. conversations and negotiations continue all through this day, and i'm sure into tomorrow. and i hope by the end of the day, by the end of tomorrow night we can celebrate the end of this year and the beginning of a new year with good news for the american people. this is exactly the wrong time for us to go over this cliff. we are in the midst of an economic recovery. we are seeing new job creation. businesses are seeing new growth. we are seeing the kind of economic indicators we've been waiting for for years. this going over the cliff is going to bring uncertainty to our markets, and with that uncertainty a pull back of consumer confidence and a reduction, i'm afraid, of business activity and the creation of new jobs. there are ways to avoid this, sensible way
fiscal cliff that occurs at midnight on december 31, tomorrow. this cliff is self-imposed. it is a penalty that we voted for if we failed to deal with the deficit that our nation faces. and unfortunately, as of this moment we've not reached an agreement to avoid it. i haven't given up hope. conversations and negotiations continue all through this day, and i'm sure into tomorrow. and i hope by the end of the day, by the end of tomorrow night we can celebrate the end of this year and the...
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Nov 19, 2012
11/12
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CNBC
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part of the reason they're doing it is because fiscal cliff or no fiscal cliff, taxes are going up next year. >> even since you didn't ask, i say yes also, it is a big problem. >>> let's move on to the twinkie. our yahoo! finance question of the day -- what went wrong at hostess? look at the results. corporate management gets the blame. union problems, 3 out of 5 say that was the problem there with the twinkies. the american anti-fat kick. 9%. they make an outdated product, 12%. what went wrong? >> what happened is that the demand for the product went way down but they couldn't make the kind of concessions on costs meaning labor costs that they needed to. when the demand for your product is falling, you need to cut back. the labor unions weren't flexible to let them really do it. what we ended up with was a morass. if the unions had been more flexible, we could still buy twinkie gate. >> someone donated an autographed painting by salvador dali. instead of selling it on the floor. goodwill is auction is it off. bid something up over $18,000. >> i love anything with a melted clock and lot
part of the reason they're doing it is because fiscal cliff or no fiscal cliff, taxes are going up next year. >> even since you didn't ask, i say yes also, it is a big problem. >>> let's move on to the twinkie. our yahoo! finance question of the day -- what went wrong at hostess? look at the results. corporate management gets the blame. union problems, 3 out of 5 say that was the problem there with the twinkies. the american anti-fat kick. 9%. they make an outdated product, 12%....
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Dec 28, 2012
12/12
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WTTG
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. >>> our big story this morning, avoiding the fiscal cliff. the president and lawmakers don't have a lot of time. there are only a few days until the deadline. >> president obama is hosting top leaders from the house and senate at the white house for more talks later this afternoon. fox5's sherri ly is live at the white house with the latest. >> reporter: good morning, tony, good morning, sarah. the tone here in washington hasn't changed much since before christmas, and now we have days to go before the deadline and the nation going over this fiscal cliff. the president is hoping that this afternoon's meeting at the white house with congressional democrat and republican leaders will help break the standoff. both sides continue to play the blame game here. senate majority leader reid attacked house leader boehner for blocking a vote while the gop led house isn't due back until sunday, a day before the deadline to avert the tax increases and spending cuts that could send the nation into recession again. the differences between the two sides, dem
. >>> our big story this morning, avoiding the fiscal cliff. the president and lawmakers don't have a lot of time. there are only a few days until the deadline. >> president obama is hosting top leaders from the house and senate at the white house for more talks later this afternoon. fox5's sherri ly is live at the white house with the latest. >> reporter: good morning, tony, good morning, sarah. the tone here in washington hasn't changed much since before christmas, and...
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Dec 19, 2012
12/12
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WUSA
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. >>> on the fiscal cliff, no deal, at least not yet. with 13 days to go until the end of the year and the fiscal cliff, the white house and republicans both are remaining hopeful that they can get something done. but as the time draws near, some are saying you better have a plan b. danielle nottingham with that. >> reporter: house speaker john boehner is rolling out a backup plan to prevent a tax hike on january 1st, in case he does not reach a fiscal cliff deal with the president. >> our plan b would protect american taxpayers who make $1 million or less. >> reporter: still looking for a way to avoid the cliff's automatic tax hikes and sweeping spending cuts, the white house quickly rejected baner's proposal. >> you would lose hundreds of millions of dollars of revenue and most of that money or a significant portion of it would go to millionaires. >> reporter: despite all the talk of a backup plan, the day began inside the capital with real optimism that a fiscal cliff compromise with the white house is getting closer. both sides are m
. >>> on the fiscal cliff, no deal, at least not yet. with 13 days to go until the end of the year and the fiscal cliff, the white house and republicans both are remaining hopeful that they can get something done. but as the time draws near, some are saying you better have a plan b. danielle nottingham with that. >> reporter: house speaker john boehner is rolling out a backup plan to prevent a tax hike on january 1st, in case he does not reach a fiscal cliff deal with the...
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Oct 30, 2012
10/12
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CNBC
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squalls about the fiscal cliff. the freezing of the election, which is emblematic of the total gridlock in washington. all these have been part of what's been an endless malaise. what do you do? do you surrender and say if the future is down? no. here's my advice. we heard endlessly that revenues have disappointed. how about these, panera, honeywell, ppg, verizon, yahoo, comcast, the parent company of this network. these companies beat and raised and could all be down because of a market-wide selloff. they have remarkably good charts that could bounce when the selloff smoke clears. the market goes down even when it's closed. but we also have a plan. use it. we can profit from the market's malaise. we've just had to find the winners more than we had to at the market's bottom three short years ago. stick with cramer. >> stick connected with cramer on madmoney.cnbc.com. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over thr
squalls about the fiscal cliff. the freezing of the election, which is emblematic of the total gridlock in washington. all these have been part of what's been an endless malaise. what do you do? do you surrender and say if the future is down? no. here's my advice. we heard endlessly that revenues have disappointed. how about these, panera, honeywell, ppg, verizon, yahoo, comcast, the parent company of this network. these companies beat and raised and could all be down because of a market-wide...
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Nov 19, 2012
11/12
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KTVU
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eye 127
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. > > there is a lot of talk about this fiscal cliff as you know. but i am hearing that traders really believe there is already a backroom deal in the works. > > you know, that is what they say, and i tend to agree with that. there is no way, it's just inconceivable to think that something has not at least been in the works for a while. certainly there are no i's dotted or t's crossed, but something has been in the works for a while. keep this in mind: what's really important - and we saw the start of this last friday, when the two parties sat down with president obama and said, "ok, we're going to get this thing done." we need to see continuation of that. we don't need the resolution by the end of this week. we don't need it next week. but we need to see continuing, positive news coming out of the white house, because any time we don't - the market is so on-edge right now, that any time that we don't see anything positive, that is actually going to be taken as a negative. we are going to see some added volatility in the marketplace over the coming
. > > there is a lot of talk about this fiscal cliff as you know. but i am hearing that traders really believe there is already a backroom deal in the works. > > you know, that is what they say, and i tend to agree with that. there is no way, it's just inconceivable to think that something has not at least been in the works for a while. certainly there are no i's dotted or t's crossed, but something has been in the works for a while. keep this in mind: what's really important - and...
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certainly the fiscal cliff is part of the story. if that happens and unemployment cree back up again, then we have more structural problems that go well beyond housing. certainly it will be addressed. you are right, those beings that we are seeing and projecting through the first quarter of 2013, they need to be taken into context. it is good news and certainly going up is better than going down. but thkey is that a lot of these markets, phoenix, miami, tucson, las vegas, all of these markets were severely hit during the downturn. this double-digit growth that is projecting the prices. [talking over each other] gerri: i think it's a great thing. mark, let me turn to you for a second. you said that home prices are up its% year-over-year. you are looking for more gains. the question that keeps coming to mind is how fragile is this recovery. you would think given the particulars, that people would be all over this marketplace. it's not happening. is a fragile recovery? >> actually don't think that fragile. we are in equilibrium right w
certainly the fiscal cliff is part of the story. if that happens and unemployment cree back up again, then we have more structural problems that go well beyond housing. certainly it will be addressed. you are right, those beings that we are seeing and projecting through the first quarter of 2013, they need to be taken into context. it is good news and certainly going up is better than going down. but thkey is that a lot of these markets, phoenix, miami, tucson, las vegas, all of these markets...
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Dec 31, 2012
12/12
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WRC
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. >> time is up to avert the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is live with more on what's happening today. >> the end is near. that's the end of the year, of course. what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differ
. >> time is up to avert the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is...
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Dec 31, 2012
12/12
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WJLA
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when the club kids midnight, our country has hit the fiscal cliff. that is unless lawmakers can reach a deal today. john gonzalez has the latest on the efforts to make some sort of compromise. >> you can see the countdown clock on the bottom of your screen, counting down the new year and the dreaded fiscal cliff. there are reports this afternoon that there is a mini deal in the works that could spare millions of families from tax increases. after frustrating weekend, it's looks like negotiators are closing in on a deal with only hours to spare, a deal that would extend the current tax breaks for households making up to $450,000 and keeps the estate tax at upper level >> . congress is your under duress even with the people they love, themselves, special-interests. >> it appears to be a temporary bandaged and also extend unemployment benefits and delays the automatic spending cuts to the pentagon and domestic programs by three months. crack at some point you just want to not pay attention to it. >> others are more optimistic. >> hopefully, they will fi
when the club kids midnight, our country has hit the fiscal cliff. that is unless lawmakers can reach a deal today. john gonzalez has the latest on the efforts to make some sort of compromise. >> you can see the countdown clock on the bottom of your screen, counting down the new year and the dreaded fiscal cliff. there are reports this afternoon that there is a mini deal in the works that could spare millions of families from tax increases. after frustrating weekend, it's looks like...
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Dec 29, 2012
12/12
by
WUSA
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eye 94
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what would you like lawmakers to give you regarding the fiscal cliff? >> compromise. i want them to come together and fix this problem. >> come together for a common goal. >> we really need a solution here. >> give back to the citizens, especially the hard working ones such as myself. >> coming to a compromise on spending. >> i think we're going to go over the cliff. >> we need to come together, because if we don't we'll fall apart. >> what, three days, four days left? >> reporter: yeah. >> we'll good over the cliff but i don't think there's going to be any long-term deal. >> can you please not raise our taxes. >> if anything, they'll make a short-term deal to kick the can down the road a bit. >> i'm very concerned. i think they need to put their personal vendettas behind them, and once that is achieved, they will be able to come together. >> if we go over the cliff the stocks and the market take a hit, you know, what happens then? what happens? there's no way to sort of retroactively fix a recession. i know everyone feels confident, hey, we can go over the cliff and
what would you like lawmakers to give you regarding the fiscal cliff? >> compromise. i want them to come together and fix this problem. >> come together for a common goal. >> we really need a solution here. >> give back to the citizens, especially the hard working ones such as myself. >> coming to a compromise on spending. >> i think we're going to go over the cliff. >> we need to come together, because if we don't we'll fall apart. >> what, three...
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Dec 23, 2012
12/12
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WRC
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and 17% say they are cutting back because of the looming fiscal cliff. >>> a fedex driver robbed and attacked as making deliveries. here is the family that found the driver unconscious outside their door. >> reporter: it was just 11:00 a.m., and the fedex driver made a delivery when police say he was robbed at gun point. >> my doorbell rang and i answered it and i realized the fedex man had been here. >> she didn't see him, and only his truck. her husband went outside and found him on the steps. >> i thought he was shot or something. >> the driver didn't move at first. >> and he said he thought he was still being robbed. >> for a good part of the afternoon the s searched a wooded area. it's unclear if it was related to the robbery a short distance away. services at a nearby church went on as usual, but for a while members were escorted to the church through the police line. >> unfortunately, this can be a dangerous time of year for fedex drivers or any drivers for that matter. they are instructed to watch behind them to make nobody is following them to take the packages away. two wee
and 17% say they are cutting back because of the looming fiscal cliff. >>> a fedex driver robbed and attacked as making deliveries. here is the family that found the driver unconscious outside their door. >> reporter: it was just 11:00 a.m., and the fedex driver made a delivery when police say he was robbed at gun point. >> my doorbell rang and i answered it and i realized the fedex man had been here. >> she didn't see him, and only his truck. her husband went outside...
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Dec 3, 2012
12/12
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FOXNEWSW
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>> eric: if we go over the fiscal cliff, people getting hurt the most, paid the most are the wealthy. >> kimberly: look, we talk about the jobs -- look, you want class warfare. >> greg: why is it good to punish people -- >> bob: break after break after break for republicans from 1986 on. time to pony up. >> greg: why? they pay most of the taxes. >> bob: so what? you don't care they contribute. you want them punished. >> greg: you're obama's soul. >> bob: they don't pay percentage of taxes on the money they earn versus what -- >> greg: 40%. reduce the government for eight days. that is preposterous. >> eric: is earning money a bad thing? >> dana: not if you ask for campaign contributions. practical point, gite on the sunday show said all the democrats support this. that is not true. the key democrats, landrieu, begich and north carolina -- i can't remember her name -- they are on all on record saying i don't think i'm for this. he has even a harder time convincing those on the democratic side to go with his plan. >> greg: one day explain why are you punishing the rich when you know it
>> eric: if we go over the fiscal cliff, people getting hurt the most, paid the most are the wealthy. >> kimberly: look, we talk about the jobs -- look, you want class warfare. >> greg: why is it good to punish people -- >> bob: break after break after break for republicans from 1986 on. time to pony up. >> greg: why? they pay most of the taxes. >> bob: so what? you don't care they contribute. you want them punished. >> greg: you're obama's soul....
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Dec 28, 2012
12/12
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WRC
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. >>> now to the latest on the fiscal cliff talks tonight. a group of congressional leaders dropped a ball of their own today. theirs was a symbolic gesture. and released a disco ball. nothing to dance about tonight, but a meeting on the fiscal cliff just wrapped up at the white house. president obama and top congressional leaders were trying to come up with ways to avoid the tax hikes and spending cuts set to kick in next week. keith russell with more on the budget talks that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it loo
. >>> now to the latest on the fiscal cliff talks tonight. a group of congressional leaders dropped a ball of their own today. theirs was a symbolic gesture. and released a disco ball. nothing to dance about tonight, but a meeting on the fiscal cliff just wrapped up at the white house. president obama and top congressional leaders were trying to come up with ways to avoid the tax hikes and spending cuts set to kick in next week. keith russell with more on the budget talks that ended...
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Dec 24, 2012
12/12
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WRC
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many experts saying superstorm sandy slowed sales and now all of the talk about a fiscal cliff of course is making customers nervous. still sales this holiday season on track to top $586 billion. that is a lot of stuff to be purchased. live in alexandria, virginia, melissa mollet, news4. back to you. happy shopping if you head out today. >> thank you. we'll need the good luck. thanks, melissa. >>. >> here's a christmas present for you. the redskins are officially on a role. the skins took on the eagles and rg3 missed last week's game with the knee injury. didn't have trouble throwing for two touchdowns. in was defense that made the difference making a stop with less than ten seconds left in the game. this win puts the redskins at 9-6 on the season leading nfc east with a chance to clinch the division next week against the cowboys. if the redskins win, they take the division. if the cowboys win, they capture the title. the two square off sunday nit right here on nbc 4. 8:20 is your kickoff. a lot of folks will be sort of trying to get into the new year with a big win from the redskins. >>
many experts saying superstorm sandy slowed sales and now all of the talk about a fiscal cliff of course is making customers nervous. still sales this holiday season on track to top $586 billion. that is a lot of stuff to be purchased. live in alexandria, virginia, melissa mollet, news4. back to you. happy shopping if you head out today. >> thank you. we'll need the good luck. thanks, melissa. >>. >> here's a christmas present for you. the redskins are officially on a role....
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Dec 18, 2012
12/12
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WUSA
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that's instead of the $250,000 threshold he had campaigned on. >>> the fiscal cliff negotiations were very much on the minds of a few thousand people who gathered today right next to the capitol as matt jablow tells us their voices were loud and their message was clear. >> reporter: in the shadow of the nation's capitol. >> amen. >> reporter: where talks couldn'ted today to to avow -- continue today to try to avoid the so-called fiscal cliff. >> now is not the time for congress to turn its backs on us. >> reporter: several thousand people came together at the upper senate park to add their voices to the discussion. >> we are here today to demand that our government works for us. >> reporter: the rally was organized by several progressive political groups and labor unions. >> so many of us are already dangling on our very own fiscal cliffs. >> reporter: speaker after speaker hammering home the same points. >> we are here to fight for a good deal for america's families and for students. >> reporter: that fiscal cliff negotiations cannot result in cuts to social security, medicare, or me
that's instead of the $250,000 threshold he had campaigned on. >>> the fiscal cliff negotiations were very much on the minds of a few thousand people who gathered today right next to the capitol as matt jablow tells us their voices were loud and their message was clear. >> reporter: in the shadow of the nation's capitol. >> amen. >> reporter: where talks couldn'ted today to to avow -- continue today to try to avoid the so-called fiscal cliff. >> now is not the...
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Nov 9, 2012
11/12
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WTTG
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a looming fiscal cliff is likely to top their agenda. >> asian markets are following wall street. south creigh's index lost half a percent in trading today. most european markets are falling this morning. >>> some great sports news on this friday morning. d.c. united advanced to the eastern conference finals in the mls playoffs. they beat the red bulls last night. rick delee op scored the game winner in the 87th minute of play. -- rick deleon scored the game winner in the 87th minute of play. >> fox 5 morning news at 4:30 starts now. >>> happy friday, everyone. it is november 9th. live look outside right now over washington, d.c. in this area. >> somewhere out there. >> somewhere out there. good morning to you and welcome to the show. i'm wisdom martin. >> i'm sarah simmons. welcome to friday, everyone. >> it will be beautiful. it will be a little cool. temperatures in the mid- to upper 50s, less wind than yesterday and bright sunshine in the forecast. >> just in time for the weekend. >> wait until you see the weekend forecast. >> even bert? >> you can be out in the yard all weeke
a looming fiscal cliff is likely to top their agenda. >> asian markets are following wall street. south creigh's index lost half a percent in trading today. most european markets are falling this morning. >>> some great sports news on this friday morning. d.c. united advanced to the eastern conference finals in the mls playoffs. they beat the red bulls last night. rick delee op scored the game winner in the 87th minute of play. -- rick deleon scored the game winner in the 87th...
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Dec 6, 2012
12/12
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WJLA
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eye 100
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let's talk fiscal cliff. the median prediction is 1.5 million jobs may be lost next year including 110,000 in the defense industry if lawmakers fail to come up with an agreement soon. let's talk about the rivalry between twitter and facebook. twitter says users are experiencing issues with viewing instagram photographs. facebook looking at purchasing the service, driving traffic to its own website. a 13-year-old girl thinks the classics easy-bake oven should be marketed to boys as well. and wonder bread/host this may have a buyer -- hostess. >> we will talk to you soon. still to come, an online business has turned into a court battle in fairfax county. >> and a boost for those >> president obama has declared d.c. a disaster area, opening up federal money to help cover emergency work and repairs from the storm. and to protect against future disasters. chris christie expected to be in d.c. today pressing for more aid following hurricane sandy. the new jersey governor wants full federal reimbursement for some st
let's talk fiscal cliff. the median prediction is 1.5 million jobs may be lost next year including 110,000 in the defense industry if lawmakers fail to come up with an agreement soon. let's talk about the rivalry between twitter and facebook. twitter says users are experiencing issues with viewing instagram photographs. facebook looking at purchasing the service, driving traffic to its own website. a 13-year-old girl thinks the classics easy-bake oven should be marketed to boys as well. and...
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Nov 9, 2012
11/12
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WJLA
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the terms fiscal cliff is not a household word yet, but give it a few days. it could mean another recession and a jump in the unemployment rate. >> this is an opportunity for the president to lead. >> the president will address attempt to cut the federal deficit by half a billion dollars by next fall. >> according to ernst and young raising the top rates would destroy nearly 700,000 jobs in our country. >> with no bipartisan agreement, laws that to change could mean an end to tax breaks for business. democrats will not raise taxes on -- >> i have a spouse who is underemployed. i have one that will be graduating in may. it is people who are trying to find jobs i would be more concerned about. >> not to mention the new debt ceiling deal is said to cut hundreds of government programs including the defense budget and medicare. >> we need to try to get some stuff done. >> the gross domestic product would grow by 2% next year and almost 2% if the president's table tax and jobless benefits are -- payroll tax and jobless benefits are extended again. the president is
the terms fiscal cliff is not a household word yet, but give it a few days. it could mean another recession and a jump in the unemployment rate. >> this is an opportunity for the president to lead. >> the president will address attempt to cut the federal deficit by half a billion dollars by next fall. >> according to ernst and young raising the top rates would destroy nearly 700,000 jobs in our country. >> with no bipartisan agreement, laws that to change could mean an...
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Dec 9, 2012
12/12
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CSPAN
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it does seem as though immigration will be the issue of next year once fiscal cliffs negotiating are over, if ever. we've heard from a number of republicans who think that immigration reform might be easier to achieve this time. as you may recall, in 2006 and 2007 we had heated debates on that topic. but at this point, after an election where the republicans lost the latino votes by a large number they would like to see immigration reform pass in some way and they are going to approach it differently this time. >> we apologize for the live signals but we were talking about the immigration and the issue of global warming. did you want to finish your thoughts? >> sure. i want to say what is right for vermont, massachusetts, may not be right for virginia. having said that, we believe and i believe strongly that climate change is the biggest single challenge that we face and we can't move fast enough to do energy efficientcy better. the other point about that from the governor's perspective is it is a jobs creator. as we move to energy efficientcy which is good for climate change but ame
it does seem as though immigration will be the issue of next year once fiscal cliffs negotiating are over, if ever. we've heard from a number of republicans who think that immigration reform might be easier to achieve this time. as you may recall, in 2006 and 2007 we had heated debates on that topic. but at this point, after an election where the republicans lost the latino votes by a large number they would like to see immigration reform pass in some way and they are going to approach it...
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Dec 7, 2012
12/12
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WJLA
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eye 102
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the latest on the divided negotiations over the fiscal cliff. >> the latest on >> checking our top stories, the see will break ground on a project aimed at keeping a northwest neighborhood and dry. the bloomingdale neighborhood almost always has flooding with major rain storms. one part of the project will be done by 2014. the full plan will not be done until 2022. it will be tough to get around using the metro this weekend. portions of a read, green, and yellow lights will be shut down the track work. a man accused of murdering an arlington a jewelry store owner is expected in court today for a parole hearing. police say a man killed the jewelry store owner back in july. >> more are watching the crisis in syria. there are concerns that bashar assad will use chemical weapons -- there is evidence of the military using -- getting ready to use chemical weapons against the rebel forces. >> as the fighting in syria -- on a, secretary of defense leon panetta said that the latest intelligence raised serious concerns that the syrian president may turn chemical weapons on his own citizens. >> the w
the latest on the divided negotiations over the fiscal cliff. >> the latest on >> checking our top stories, the see will break ground on a project aimed at keeping a northwest neighborhood and dry. the bloomingdale neighborhood almost always has flooding with major rain storms. one part of the project will be done by 2014. the full plan will not be done until 2022. it will be tough to get around using the metro this weekend. portions of a read, green, and yellow lights will be shut...
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Dec 29, 2012
12/12
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WUSA
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eye 116
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senate leaders try to craft a compromise to avoid the fiscal cliff. wyatt andrews is on capitol hill. what happens if there's no deal? john bentley has the fallout at the airport. >> they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> the northeast gets walloped by another winter storm. and in the west, wet weather rewrites the forecast in california. and meet the burrito boys, ben tracey introduces us to 17 -- seven teams who embody the spirit of the zone. >> they have nothing and we ask for so much, and they ask for so little. captioning sponsored by cbs this is the "cbs evening news." >> good evening. jim axelrod is off tonight. i'm rebecca jarvis. with just two days left, senate leaders are still struggling to put together a last minute bp deal ahead of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in priv
senate leaders try to craft a compromise to avoid the fiscal cliff. wyatt andrews is on capitol hill. what happens if there's no deal? john bentley has the fallout at the airport. >> they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> the northeast gets walloped by another winter storm. and in the west, wet weather rewrites the forecast in california. and meet the burrito boys, ben tracey introduces us to 17 --...
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Dec 7, 2012
12/12
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WUSA
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this is a 9 news fiscal cliff note. fact, if congress and the white house don't reach an agreement, your paycheck is going to go down. the reason? because the tax withholding in your paycheck is going to increase. here's the back story. the current payroll tax cut is set to expire december 31st. in dollars and cents this means that your payroll tax withholding is going from 4.2% to 6.2%. now why is this happening? many of the policies expiring at the end of the year like the payroll tax cuts and emergency unemployment benefits were originally passed on a temporary basis. the thinking was that the economy would be in much better shape by now and the policies could expire without causing a recession. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> i'm colonel will bourn stationed in kabul afghanistan. i'd like to send out a many are rei christmas to my wife and family and -- merry christmas to my wife and family in northern virginia. >>> we are gearing up for a
this is a 9 news fiscal cliff note. fact, if congress and the white house don't reach an agreement, your paycheck is going to go down. the reason? because the tax withholding in your paycheck is going to increase. here's the back story. the current payroll tax cut is set to expire december 31st. in dollars and cents this means that your payroll tax withholding is going from 4.2% to 6.2%. now why is this happening? many of the policies expiring at the end of the year like the payroll tax cuts...
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Dec 12, 2012
12/12
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CSPAN
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the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also really about the president's campaign not this -- not just this past election but his first election to hike taxes on the successful. we have to see some real leadership on the longer-term budget unsustainable issues. what we do not need is negotiating in the political theater. when we see that stop, that we know we will be serious about whether we will resolve the fiscal cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spending and not
the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also...
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Nov 9, 2012
11/12
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WJLA
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president obama speaking about the potential impact of the fiscal cliff. virginia taking steps to prepare for a worst-case scenario. bob mcdonnell said two weeks to find ways to cut cost. >> of government -- we will have less customers and be in trouble. >> businesses are not doing too well already. >> if congress fails to act, the economy could shrink by one half percent. the unemployment rate could soar to 9.1%. >> the president got emotional while addressing campaign staffers in chicago. >> i am really proud of that. >> the campaign released a five minute video of his speech that came one day after he won reelection. >> president obama weighing replacements for several aides and cabinet members expected to leave it. the treasury secretary timothy geithner, hillary clinton, and leon panetta will leave sometime next year. >> the former democratic committee chair said he will make a second attempt to become governor of virginia. he ran for governor in 2009 but lost in the primary. the lieutenant governor is also seeking the republican nomination. >>d.c. po
president obama speaking about the potential impact of the fiscal cliff. virginia taking steps to prepare for a worst-case scenario. bob mcdonnell said two weeks to find ways to cut cost. >> of government -- we will have less customers and be in trouble. >> businesses are not doing too well already. >> if congress fails to act, the economy could shrink by one half percent. the unemployment rate could soar to 9.1%. >> the president got emotional while addressing campaign...
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Dec 30, 2012
12/12
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KPIX
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government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could s
government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >>...
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Nov 7, 2012
11/12
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CNBC
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they are voting on jobs and the fiscal cliff. that's what is most important to them. of course in virginia it's all about defense as well. you have the shipbuilding down south. you also have the pentagon here. and the possibility of $50 billion in defense cuts. >> we were told that those in line at 7:00 would be able to vote we knew that it would be a long night in virginia. we want to get back to our cnbc all stars. keith joins us here. >> just to note that president obama has now become the president re-elected with the highest unemployment rate, 7.9%. we had a discussion, what matters more. he did have that 1 percentage point decline. the economy looked like it was improving into this re-election. october was better than september. that may have helped him. so to the extent that he barely got over the finish line. certainly looks like it will be that way in the popular vote. i think that momentum may have helped him overcome that huge burden he carried. >> that's a really good point. >> thanks. >> they have had a big night. some of that is to be expected. don't ove
they are voting on jobs and the fiscal cliff. that's what is most important to them. of course in virginia it's all about defense as well. you have the shipbuilding down south. you also have the pentagon here. and the possibility of $50 billion in defense cuts. >> we were told that those in line at 7:00 would be able to vote we knew that it would be a long night in virginia. we want to get back to our cnbc all stars. keith joins us here. >> just to note that president obama has now...
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it is of course until congress settles down and starts taking these fiscal cliff talks seriously. and update for you now on the foreign intelligence surveillance act better known as the legislation was up for debate on the senate floor it was created four years ago and it is set to expire in four days unless congress acts and fast now to refresh your memory is a piece of legislation that allows the u.s. government to monitor civilian phone calls and interactions with people outside of the country without a warrant we told you last week that by some might be renewed without any discussion on the senate floor and it took the work of several notable senators who are concerned about privacy issues the bill presents to finally have the debate senators ron wyden jeff merkley rand paul mark udall and mike leave took turns discussing the dangers of the bill take a listen to senator lee i worry that in seeking to achieve temporary safety some of the authorities we have given the government under fire may compromise essential rights and liberties in particular i'm concerned about the govern
it is of course until congress settles down and starts taking these fiscal cliff talks seriously. and update for you now on the foreign intelligence surveillance act better known as the legislation was up for debate on the senate floor it was created four years ago and it is set to expire in four days unless congress acts and fast now to refresh your memory is a piece of legislation that allows the u.s. government to monitor civilian phone calls and interactions with people outside of the...
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Dec 18, 2012
12/12
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FBC
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trash -- treasury makes it a situation where americans cannot appreciate the fiscal cliff sit. the deficit goes on as if there were no deficits because the banks are printing money to finance it. lou: with the projection that we're looking at a federal reservebalance sheethat will expand by a trail dollars over the course of e -- trillion dollars over the course of the next 12 months. that's sigicant funding into the monetary system. what do you think? is it a fore gone conclusion we'll see finally, and i'm not encouraging, but saying, finally, the true inflation? >> my own forecast for what it's worth is that the inflation will not really pick up until the unemployment rate falls much closer to 6%. the wages are so much under control that it's made, actually, the working people of america much more competitive with their competitive nations road which, i think, will be one of the surprises next year that we may do better next year, even under fiscal cliff arrangements. lou: can we dobetter if the working man and woman in the country is not doing better? it's not a matter of po
trash -- treasury makes it a situation where americans cannot appreciate the fiscal cliff sit. the deficit goes on as if there were no deficits because the banks are printing money to finance it. lou: with the projection that we're looking at a federal reservebalance sheethat will expand by a trail dollars over the course of e -- trillion dollars over the course of the next 12 months. that's sigicant funding into the monetary system. what do you think? is it a fore gone conclusion we'll see...